INSTANT VIEW 1-Czech March c/a surplus quadruple mkt fcast

...surplus a 
month earlier, data showed on Friday. 
    The 12-month rolling deficit narrowed slightly to 123 
billion crowns, or 3.8 percent of last year's gross domestic 
product (GDP) according to Reuters' calculations, from 128 
billion crowns a month earlier. 
 
KEY POINTS: 
(CZK billions)           March        Feb         March forecast 
Current Account           8.26        4.00           2.00 
Financial Account       -17.72        5.15           n/a 
Net Direct Investment     5.07       13.38           n/a 
 
 (For full table, double click on..................[nPRA001306]) 
 
- The monthly surplus is mainly due to a 14.44 billion crown 
surplus in foreign trade with goods and services, following a 
14.85 billion crown surplus in February. 
- Net foreign direct investment inflows total 5.07 billion 
crowns, which the central bank estimated included about 6.2 
bilion crowns in reinvested profits. 
- Portfolio investments show a net 8.51 billion crown outflow, 
mainly due to equity transactions. 
 
BACKGROUND: 
- Analyst expectations before data release       [ID:nL02507716] 
- Czech March foreign trade figures              [ID:nL09284340] 
                                                 [ID:nL09606545] 
- Polish Feb C/A                                 [ID:nL12492933] 
- Slovak Feb C/A gap                             [ID:nLPRG000328 
- Hungary's Q4 C/A gap                           [ID:nL30184266] 
- Report on last Czech c.bank rate decision      [ID:nPRA001284] 
                                 [ID:nPRG000331] [ID:nL26624395] 
 
LINKS: 
- For further details on March of payments numbers and past 
data, Reuters 3000 Xtra users can click on the Czech National 
Bank's website: 
    http://www.cnb.cz/en/statistics/bop_stat/ 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
  
 ($1=20.79 Czech Crown) 
  Keywords: CZECH BALANCE/  
    

[PRAGUE/Reuters/Finance.cz]